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Recommendations

Aramex share recommended “Hold” by NBK Capital
(NBK Capital - 14/10/2009) 
Aramex fair market value was reported by NBK capital at AED 1.90 with a potential upside of 7% from its market price of AED 1.77 at report date, 30 September 2009.
Oman Telecom share recommended “Buy” by NBK Capital
(NBK Capital - 14/10/2009) 
Oman Telecom fair market value was reported by NBK Capital at OMR 1.930, with a potential upside of 38% from its market price of OMR 1.400 at report date, 30 September, 2009.
Agility share recommended “Sell” by NBK Capital
(NBK Capital - 14/10/2009) 
Agility fair market value was reported by NBK Capital at KWD 1.040 with a potential downside of 17% from its market price of KWD 1.260 at report date, 30 September 2009.
Wataniya Telecom share recommended “Buy” by NBK Capital
(NBK Capital - 14/10/2009) 
Wataniya Telecom fair market value was reported by NBK capital at KWD 2.060 with a potential upside of 36% from its market price of KWD 1.520 at report date, 30 September 2009.
Sultan Center Food Products share recommended “Buy” by NBK Capital
(NBK Capital - 14/10/2009) 
Sultan Center Food Products fair market value was reported by NBK Capital at KWD 0.330, with a potential upside of 29% from its market price of KWD 0.255 at report date, 30 September, 2009.
Abu Dhabi Commercial Bank share recommended “Sell” by NBK Capital
(NBK Capital - 14/10/2009) 
Abu Dhabi Commercial Bank fair market value was reported by NBK Capital at AED 1.90, with a potential downside of 23% from its market price of AED 2.47 at report date, 30 September 2009.
Arab National Bank share rated “Market Perform” by Al Mal Capital
(Al Mal Capital - 13/10/2009) 
Arab National Bank target price was reported by Al Mal Capital at SAR 50.30 with a potential upside of 5% from its market price of SAR 48.00 at report date, 13 October 2009.
SABB share rated “Outperform” by Al Mal Capital
(Al Mal Capital - 13/10/2009) 
SABB target price was reported by Al Mal Capital at SAR 69.10 with a potential upside of 37% from its market price of SAR 50.50 at report date, 13 October 2009.
Jabal Omar Development share rated “Neutral” by Taib Research
(Taib Bank - 13/10/2009) 
Jabal Omar Development target price was reported by Taib Research at SAR 21.44, with a potential upside of 4.1% from its market price of SAR 20.60 at report date, 07 October 2009.
Saudi Telecom share rated “Outperform” by Al Mal Capital
(Al Mal Capital - 13/10/2009) 
Saudi Telecom target price was reported by Al Mal Capital at SAR 86.86 with a potential upside of 71.2% from its market price of SAR 50.75 at report date, 12 October 2009.
Etihad Etisalat share rated “Outperform” by Al Mal Capital
(Al Mal Capital - 13/10/2009) 
Etihad Etisalat target price was reported by Al Mal Capital at SAR 54.13 with a potential upside of 29.5% from its market price of SAR 41.80 at report date, 12 October 2009.
Zain Telecom share rated “Underperform” by Al Mal Capital
(Al Mal Capital - 13/10/2009) 
Zain target price was reported by Al Mal Capital at KWD 1.114 with a potential downside of 16.9% from its market price of KWD 1.340 at report date, 12 October 2009.
Wataniya Telecom share rated “Market Perform” by Al Mal Capital
(Al Mal Capital - 13/10/2009) 
Wataniya Telecom target price was reported by Al Mal Capital at KWD 1.691 with a potential upside of 11.3% from its market price of KWD 1.520 at report date, 12 October 2009.
du share rated “Market Perform” by Al Mal Capital
(Al Mal Capital - 13/10/2009) 
du target price was reported by Al Mal Capital at AED 3.00 with a potential downside of 12.3% from its market price of AED 3.42 at report date, 12 October 2009.
Etisalat share rated “Outperform” by Al Mal Capital
(Al Mal Capital - 13/10/2009) 
Etisalat target price was reported by Al Mal Capital at AED 17.11 with a potential upside of 37.4% from its market price of AED 12.45 at report date, 12 October 2009.
Banque Saudi Fransi share rated “Accumulate” by EFG Hermes
(EFG Hermes - 13/10/2009) 
Banque Saudi Fransi fair market value was reported by EFG Hermes at SAR 53.30 with a potential upside of 22% from its market price of SAR 43.80 at report date, 12 October 2009.
Saudi Arabian Fertilizers share rated “Neutral” by EFG Hermes
(EFG Hermes - 13/10/2009) 
Saudi Arabian Fertilizers fair market value was reported by EFG Hermes at SAR 123.0, with a potential upside of 3% from its market price of SAR 119.8 at report date, 12 October 2009.
Dubai Investments share rated “Accumulate” by PRIME HOLDING
(Prime Holding - 12/10/2009) 
Dubai Investments target price was reported by PRIME HOLDING at AED 1.65, with a potential upside of 14.9% from its market price of AED 1.44 at report date, 12 October 2009.
Aramex share recommended “Buy” by HC Securities & Investment
(HC Securities & Investment - 12/10/2009) 
Aramex fair market value was reported by HC Securities & Investment at AED 2.28 with a potential upside of 26.7% from its market price of AED 1.80 at report date, 11 October 2009.
Yanbu National Petrochemicals share rated “Underweight” by Taib Research
(Taib Bank - 12/10/2009) 
Yanbu National Petrochemicals target price was reported by Taib Research at SAR 27.17 with a potential downside of 16.1% from its market price of SAR 32.40 at report date, 05 October 2009.

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